REI Lense

REI Lense

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$2,071 (target)

4361 Cross Cut Trail, Myrtle Beach, SC 29579

3 beds • 2 baths • 1442 sqft

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This property looks like a bad Long-Term investment with a projected -0.84% first-year return on $50,295 initial cash invested.

-0.84%

Cash On Cash

6.65%

Cap Rate

1.05

DSCR

$2,071

Rent

-$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,071 income − $2,106 expenses = $35 out of pocket

Income$2,071Out of Pocket$35Mortgage P&I$1,25961%Property Taxes$22011%Insurance$884%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,295

Downpayment

20%

$47,900

Closing costs

1%

$2,395

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,071

Total Expenses

$2,106

Mortgage P&I

61%

$1,259

Property Taxes

11%

$220

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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